Why TaskUs Stock Popped Today [Yahoo! Finance]
TaskUs, Inc. - Class A (TASK)
Company Research
Source: Yahoo! Finance
TaskUs is battling macro headwinds TaskUs' fourth-quarter 2023 revenue declined 3.3% year over year to $234.3 million, translating to adjusted ( non-GAAP ) net income of $32.2 million, or $0.35 per share (up from $0.33 per share in the same year-ago period). Analysts, on average, were only expecting adjusted earnings of $0.31 per share on revenue of $226 million. Trending toward its bottom line, TaskUs' adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA ) arrived at $59 million, around 25.2% of revenue and up 1.9% year over year. TaskUs co-founder and CEO Bryce Maddock noted the company's revenue and adjusted EBITDA were well ahead of guidance amid "a challenging macroeconomic backdrop," adding that the company expanded into new areas including healthcare, banking, and financial services. What's next for TaskUs investors? Looking ahead to the new year, TaskUs issued guidance for full-year 2024 revenue in the range of $900 million to $950 milli
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TASK
News
- TaskUs, Inc. (NASDAQ: TASK) had its price target lowered by analysts at Citigroup Inc. from $16.00 to $14.00. They now have a "buy" rating on the stock.MarketBeat
- TaskUs, Inc. to Announce First Quarter 2024 Financial Results on May 8, 2024 [Yahoo! Finance]Yahoo! Finance
- TaskUs, Inc. to Announce First Quarter 2024 Financial Results on May 8, 2024Business Wire
- TASKUS ALERT: Bragar Eagel & Squire, P.C. is Investigating TaskUs, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the FirmGlobeNewswire
- Lifshitz Law PLLC Announces Investigations of TaskUs, Inc. (NASDAQ: TASK), Meta Platforms, Inc. (NASDAQ: META), Inspire Medical Systems, Inc. (NYSE: INSP), and Driven Brands Holdings Inc. (NASDAQ: DRVN)Accesswire
TASK
Earnings
- 2/28/24 - Beat
TASK
Sec Filings
- 4/9/24 - Form ARS
- 4/9/24 - Form DEFA14A
- 4/9/24 - Form DEF
- TASK's page on the SEC website